The Business Times, 3 August 2005

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Total Pages: 28
1 28 The Business Times
  • 15 1 THE BUSINESS TIMES Wednesday, August 3,2005 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005
    15 words
  • 655 1  -  Flush with capital, they're again a force in Asia By SIOW LI SEN [SINGAPORE] After retreating from the Asian loan syndication market following the 1997 financial crisis, the giant Japanese banks are back pitching for deals. Backed by balance sheets boosted by fresh
    655 words
  • 633 1  -  Three nations agree to involve wider int'l community By DONALD URQUHART [SINGAPORE] The three littoral states bordering the straits of Malacca and Singapore have overcome a major stumbling block in the fight to secure the vital waterway by agreeing to involve user states and
    AP  -  633 words
  • 2855 1 sn 2,377.13 (+11.41) ST INDEX FUTURES 2,355.00 (+9.00) siMsa 282.90 (+1.26) SIMSa FUTURES 281.40 (+2.40) i-. I i L Jft LOVE vs BUSINESS COST OF LIVING EXEC MONEY Divorces, remarriages Asia's 10 most Bond guru talks can roil family businesses expensive cities about stocks $1 Business Time: Singapore
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  • Page 1 Advertisements

  • TOP STORIES
    • 518 2  -  Globally, it fell from 98th spot to 114th in cost of living By NANDE KHIN [SINGAPORE] Singapore has remained ninth in the rankings of Asia's most expensive cities but has dropped out of the global league. In Asia, Singapore has become
      518 words
    • 591 2 US oil major now set to win Chevron approval next week Bloomberg [NEW YORK] China's CNOOC has abandoned its US$lB.5 billion offer to acquire US oil and gas producer Unocal Corp, clearing the way for Unocal to conclude an already agreed deal
      Bloomberg  -  591 words
    • 585 2 Electronics rebound leads July PMI rise JULY seems to have been a particularly good month for electronics manufacturers. After a lean spell, the purchasing managers' index picked up strongly, with the electronics industry looking decidedly robust. TOP STORIES, PG 3 Temasek sells at least 5% of its SMRT
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    • 480 3  -  Manufacturers in S'pore buoyed by growth in new orders, output By ANNA TEO [SINGAPORE] July seems to have been a particularly good month for electronics manufacturers. After a lean spell, the purchasing managers' index (PMI) picked up strongly, with the electronics industry looking decidedly
      480 words
    • 343 3  -  It appoints 2 new directors while one steps down By JEAN CHUA [SINGAPORE] Investment company Temasek Holdings has sold at least 5 per cent of the shares in transport group SMRT Corp. Temasek, which owned 62.1 per cent of SMRT
      343 words
    • 390 3  -  By SIOW LI SEN [SINGAPOREI A new wave of Japanese investors are heading for Singapore typically small and medium enterprises (SMEs) attracted by the booming regional economies. And to make sure these SMEs know that Singapore can be the springboard for
      ARTHUR LEE  -  390 words
  • Page 2 Advertisements
    • 5 2 f Hp BIBESBKSiJBWBWWHWWBBI^P I 11
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    • 410 2 ■With business travel high on executives' agendas today, the latest buzzword among human resource practitioners is unsurprisingly, "international mobility". As Singapore's position as a regional hub continues to grow, organisations are faced with the demanding challenges of managing an increasingly mobile workforce. Not just a mere exercise of tracking employees'
      410 words
    • 138 2 Investment Opportunity Are you an astute investor looking for an opportunity to invest in a dynamic global growth industry? Does the stability of an Australian Registered Company appeal to you? Then here is an opportunity that will not last long. This Australian Registered Company is searching for capital to grow
      138 words
    • 76 2 HARTMANN HOLDINGS (S) PTE LTD (In members' voluntary liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50 that the Final Meeting of the members of the abovenamed Company will be held at 150 Orchard Road #08-01 Orchard Plaza Singapore Singapore *****1 on sth September
      76 words

  • Page 3 Advertisements
    • 49 3 For more information, visit your local Jaguar dealer or go to www.jaguar.com SINGAPORE Malayan Motors, 45 Leng Kee Road, Singapore *****3. Tel:(6s) 6378 2662, (65) 6378 2626, (65) 6378 2627; Fax:(6s) 6474 0853 Parts and specifications of actual model available in Singapore may differ slightly from the above depiction.
      49 words

  • COMPANY NEWS
    • 497 4  -  The case refers to FEPL's subscription of $3.5m of bonds in Creanovate By JOYCE KOH FIRSTLINK Investments Corporation, which recently issued writs of summons against two former directors of a subsidiary and Creanovate Pte Ltd over a $3.5 million bond subscription, has now called in the
      497 words
    • 541 4  -  HOCK LOCK SIEW By MICHELLE QUAH CORPORATE social responsibility (CSR) is becoming increasingly fashionable among large organisations. But rather than considering it just good public relations, companies need to realise that CSR is also essential for good corporate governance. As an extension
      541 words
    • 205 4 It has divested its entire interest in the rig for US$65m KEPPEL Corp's rig-building arm Keppel Fels delivered its latest semi-submersible drilling tender West Setia to Smedvig Tender Rigs yesterday. With the delivery, Keppel Fels has divested its entire 72 per cent interest in
      205 words
    • 642 5  -  Price of $210m works out to $601 psf ppr By KALPANA RASHIWALA CENTREPOINT Properties is paying $210 million for a freehold residential site at St Thomas Walk being sold by CK Tang chairman Tang Wee Sung and his younger brother Wee Kit. The price works
      FILE PHOTO  -  642 words
    • 247 5  -  By JEAN CHUA MILK products manufacturer China Dairy Group has reported a 16.9 per cent rise in half-time net profit, thanks to brisker sales of its liquid milk products. China Dairy's net profit for the six months to June 30, 2005 came
      247 words
    • 325 5 Bloomberg JARDINE Cycle Carriage Ltd, which sells Mercedes Benz cars in Singapore, increased its stake in Indonesia's PT Astra International to a majority. Jardine C&C paid 72.6 billion rupiah (5512.3 million) to buy an additional 5.485 million shares of Astra International, Indonesia's
      Bloomberg  -  325 words
    • 274 5  -  By RACHEL LIN METAL recycling company Union Steel is launching its initial public offering (IPO) of 89 million invitation shares, of which 4.2 million will be available to the public at 20 cents each. Net proceeds are expected to be around $13.2 million. Of this, about
      274 words
    • 390 5  -  By CHLOE CHOY MAINBOARD-LISTED Cosco Corporation (Singapore) Ltd has more than doubled its Q2 and HI net profit. At yesterday's results briefing, the shipping company said its Q2 net profit soared 108 per cent year-on-year to a record $39.4 million, or 3.61 cents a
      390 words
    • 420 5 Reuters SINGAPORE Telecommunications Ltd, Asia's fifthlargest phone company, is set for a 12 per cent rise in quarterly net profit, as strong Asian mobile expansion offsets slower growth and a margin squeeze at its Australian unit Robust contributions from SingTel's investments
      Reuters; FILE PHOTO  -  420 words
    • 364 5  -  By LISA TAN CHINA-BASED FerroChina, which was listed on the mainboard in May this year, yesterday posted a 37.4 per cent rise in sec-ond-quarter net profit to 28.4 million yuan (Sss.B million). The rise for the three months ended June 30 brought first-half net profit
      364 words
    • 257 5 Bloomberg SINGAPORE Telecommunications Ltd, South-east Asia's largest telephone company, said it had its biggest quarterly gain in mo-bile-phone subscriptions after acquiring Pacific Bangladesh Telecom Ltd. The number of its mo-bile-phone users in Asia rose to 71.14 million in the fiscal first quarter ended June
      Bloomberg  -  257 words
    • COMPANY BRIEFS
      • 88 5 THE pre-trial conference for the four men charged with accepting bribes from Citiraya's former chief executive Ng Teck Lee has been adjourned to Aug 17. On July 27, 53-year-old Chan Kwok Pew was slapped with 19 charges alleging he accepted bribes
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      • 73 5 WESTCOMB Financial Group has reported a 7.8 per cent dip in half-year net profit to $3.98 million. Revenue fell 16.8 per cent to $10.34 million for the first six months ended June 30. Citing weak market sentiment, Westcomb said revenue from IPO management, mergers
        73 words
      • 77 5 TUAN Sing Holdings said it is expecting a loss for the first half of the year and a bigger loss for full-year 2005. This is because its 61.56 per cent-owned Gul Technologies Singapore is expecting bigger financial year 2005 losses as a result
        77 words
  • Page 4 Advertisements
    • 237 4 Union Steel Holdings Limited union steel holdings umited (Company Registration Number *****0181W) (Incorporated in the Republic of Singapore on 12 August 2004) Founded in 1984, Union Steel Holdings Limited ("Union Steel" or the "Company") JV~ is principally engaged In the recycling of ferrous and non-ferrous scrap metals, the trading of
      237 words


  • SINGAPORE MARKETS
    • 871 6  -  CURRENCIES Bond market prices and greenback slump again LARRY WEE Senior Correspondent HE world's stock markets are hitting fresh 2005 highs despite falling bond prices. The C. US dollar has slumped despite 1| a buoyant Wall Street and the Jg pressure for higher
      871 words
    • TRADES TO WATCH
      • 415 6 THE Ascott Group said director Kee Teck Koon sold a total of 750,000 shares on the open market on Monday and yesterday, lowering his stake in the serviced-residence unit of Capita Land from 0.053 per cent to 0.005 per cent. They were sold at
        415 words
      • 85 6  -  Compiled by JEAN CHUA DEL Monte Pacific director Richard Blossom has exercised options for 850,000 shares at 49 cents each. This raised his stake held through registered holder HSBC (Nominees) —to 2.876 million shares or 0.27 per cent from 2.026 million shares (0.19 per cent).
        85 words
    • Article, Illustration
      430 6 OTHER SINGAPORE INDICES Aug 2 VALUE CLOSE BT OB/OS 59.00 4-31.00 BTCAPI -*****.00 +64.00 BT 10-day MA -*****.00 +6.00 All-SG Equities 607.27 +2.92 SG Equities Elect 139.63 +1.67 SG Equities Fin 1702.92 +8.47 SG Equities Prop 672.62 -0.45 SIMSCI 282.90 +1.26 SiMSCI Futures 281.40 -t-2.40 MOST ACTIVE STOCKS VOLUME GlobalVoice
      430 words
    • 289 6  -  By JOYCE KOH SembCorp Marine August 2 close: $2.75 OCBC INVESTMENT RESEARCH, Aug 2 SembCorp Marine's (SMM) 2Q05 earnings rose by 28 per cent to $34.6 million, from $27.0 million in 2Q04. This was on the back of a 42.2 p|r cent surge in turnover to $470.3 million.
      289 words
    • 406 6  -  STOCKS R SIVANITHY Senior Correspondent ANOTHER day, another new multiyear high for the Straits Times Index, this time courtesy of DBS, Singapore Telecom and the Jardine group. In the second line Chuan Hup's attractive special dividend propelled it to the top of
      406 words
    • 225 6  -  CHART POINT By Yeo Kee Yan chartist at Kelive Research WITH the reporting season gathering steam, corporate earnings have taken centrestage. The Straits Times Index (STI) continues on its uptrend, closing out highs of 2,384 yesterday. Corporate results should continue to be the focal
      225 words


  • SINGAPORE NEWS
    • 292 8  -  By UMA SHANKARI WAGE increases might lag behind increases in productivity, but that is needed in order to maintain the competitiveness of companies here, said Lim Boon Heng, secretary-general of the National Trade Union Congress (NTUC) yesterday. Mr Lim's comments were made at a time
      292 words
    • 417 8  -  Shipping interests have lobbied for exclusion from ban on agreements By WEE LI-EN THE airline and shipping industry could be exempted from the provision against anti-competitive agreements in the new Competition Act 2004. At the launch of the Competition Commission of Singapore (CCS) yesterday,
      417 words
    • 598 8  -  By RONNIE LIM ALTHOUGH Sumitomo confirmed this week that it is out of a multi-billion dollar petrochemicals project here and is in a mega US$B.5 billion venture instead. Shell Chemicals yesterday said it is pushing ahead with its Bukom cracker and plans to invite project
      598 words
    • 175 8 BEING a designer is just as good as being a doctor or lawyer, says Design Singapore Council chairman Edmund Cheng. And if the first Design Singapore scholars are anything to go by, he's right. Headed for overseas institutions such as Central Saint Martins and
      175 words
    • 364 8  -  By MICHELLE QUAH CORPORATE social responsibility (CSR) isn't just about philanthropy and giving money. It's about integrating social values and business decisions to achieve lasting benefits for everyone, says Claire Chiang, president of Singapore Compact. "While the CSR concept may be relatively new
      364 words
  • Page 8 Advertisements
    • 320 8 THINK Solutions Series primts guwjtv M^ m r mnm Milufr^ —jrlL""l I Ad eVmg LB Supply Chain Excellence through Planning Design Optimizing Customer Supply Chain through Pannership and Innovation Case Study on Transportation Optimization i\te3lpPTOfc>. Jeny Banks I Can I.T. Really Optimize Supply Chain Performance? T h I (22 Aug,
      320 words
    • 33 8 Lianhe Zaobao I Annual I I average I I earnings I I of China's I IPR consultants I I surpass I I that of I lIT professionals I I ■S&fflfl&ik I I I
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    • 250 8 Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ADRIANSE GROUP PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****4827N NOTICE QF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act, Cap. 50. the
      250 words

  • ECONOMY WATCH
    • 695 9 Import inflation, increasing trade with Asia, Europe fuel debate Reuters [RIYADH] China's revaluation of the yuan is fuelling debate in Gulf Arab states about the wisdom of fixing their currencies to a weak US dollar while trading links with Asia and Europe continue
      Reuters  -  695 words
    • 415 9 LATEST US DATA Bloomberg. Reuters [WASHINGTON] US consumer spending advanced a robust 0.8 per cent in June as shoppers took to auto showrooms to enjoy sales incentives that helped keep inflation steady, a government report showed yesterday. Income in June rose 0.5 per
      Bloomberg.; Reuters  -  415 words
    • 625 9 MUMBAI FLOODS Loss to industry and farming may cut GDP growth to 6% AFP [MUMBAI] Economic growth estimates for India may be cut a percentage point after record monsoon rains in the past week caused almost US$l billion in damages to companies and farms
      AFP; REUTERS  -  625 words
    • 453 9 But this could lead to higher prices for many products NYT [WASHINGTON] The George W Bush administration announced plans on Monday to seek a broad agreement with China to limit its clothing exports to the United States. The announcement was a
      NYT  -  453 words
  • Page 9 Advertisements
    • 140 9 Diners Club Card roWi»«>o64i6O9Bo By: A World of Exclusive Privileges Treats Diners Club International 1 1 i The Straits Times Recruit """""""""li I I I I i (7—Tl I 1 I The first door to I I jj you.r world of opportunities 11 I I j 4 j t 1
      140 words
    • 60 9 V;ilnr ;»i VV/ n«*• I |M I ilrm lliili I Irrr rliour ol <oth'c/lr;i/soll<liiiik\ Menu Nasi Goreng 9 Hainanese Chickcn Rice Katsu Don Kampong Fried Rice Sliced Fish Thick Beehoon Soup Singapore Laksa Fried Thai Style Kway Teaw (Pahd Thai) Grilled Chicken with Prata Bread Cordon Bleu Supreme Hainanese Mutton
      60 words
    • 68 9 MERITUS MANDARIN SINGAPORE BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, W& savoury honey-glazed ham, prime WF rib of beef ana many more mouthwatering dishes to leave you spoilt for choice. Reservations: 6831 6271/72 TRini; j |ML 1 1 Yt > MERITUS MANDARIN "tik.it A division of Overseas Union
      68 words

  • ASIA-PACIFIC
    • 587 10 Thai Rak Thai Sec-Gen Suriya named DPM to avert party disunity Reuters, Bloomberg [CHANTHABURI, Thailand] Thailand's Prime Minister Thaksin Shinawatra moved more than half of his cabinet ministers, including his finance, commerce, interior and transport chiefs, as he aims to tackle a faltering
      Reuters,; Bloomberg; AFP, BLOOMBERG  -  587 words
    • 326 10 AFP [SINGAPORE] Asian punters will drive sharp growth in the mobile gambling industry over the next five years, with global revenues forecast to top US$7 billion a year by 2010, a research house said yesterday. Lotteries will remain the most popular
      AFP  -  326 words
    • NOTE BOOK
      • 72 10 AP [KUALA LUMPUR] Malaysia will soon raise electricity rates under a new fee structure but it will not burden the poor, a minister said yesterday. The electricity price increase will be the first since 1997, and may be a big earnings boost for state-owned
        AP  -  72 words
      • 56 10 Bloomberg [TAIPEI] Royal Philips Electronics NV last month moved its semiconductor division's Asian headquarters to Shanghai from Taipei, the Economic Daily News reported. Philips restructured its Asian semiconductor division last month, separating it into two divisions: the Greater China region, with its headquarters in
        Bloomberg  -  56 words
      • 71 10 Bloomberg [BEIJING] The death toll caused by a pig-borne disease in southwest China's Sichuan province rose to 36 as of noon on Monday, China's Ministry of Health said. The number of reported infections rose by 17 to 198. The illness is believed to be
        Bloomberg  -  71 words
      • 76 10 Reuters [JAKARTA] Indonesia has signed U553.39 billion in preliminary deals with China to build three private-sector power plants as part of Jakarta's efforts to boost electricity capacity and reduce shortages, officials said yesterday. The deals were signed last week duringfurisit to China by President
        Reuters  -  76 words
    • 2317 10 VOL General Corp .0.48 unch 147 —i W- Cm> Gentmg 1990 0.10 420 George Kent OjCI unch 46 AtMRealty 1.44 -0.01 10 GHLSystems .0.21 unch 538 Abric 039 -0.01 70 GlobetronicsTech .0.39 unch 1078 ACPIndustries .0.70 unch 30 GlomacBhd 1.56 0.05 176 Advance Synergy .*39 «**h 63 Gold
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  • Page 10 Advertisements
    • 201 10 0k emPOWER! Profeooionctla Learn and develop their 1 potential 1 China Seminar* 1 <4 Effective Risk Practices for Managing Foreign I Enterprise* in China Date: 25/26 August 2005 Introduction to the Time: 9am to spm Art, Craft and Science Fees $55<WJ880 ro n 25 Aug: Legal/Economics Risks of Scenario Planning
      201 words

  • CHINA
    • 458 11  -  It's again seeking stake in state-run bank though Taishin won bid By JOYCE KOH TEMASEK Holdings' renewed interest in buying a stake in Taiwan's Chang Hwa Bank has pushed up the share price of the staterun bank. Chang Hwa, which is
      458 words
    • 304 11 AFP. Reuters. AP [SHANGHAI] A financial scandal at Chinese white goods maker Kelon deepened yesterday after three more senior officials were arrested for allegedly committing economic crimes, officials and state press said. The company said in a statement that police had begun judicial procedures against
      AFP.; Reuters.; AP; REUTERS  -  304 words
    • 397 11 Bloomberg [TAIPEI] Chunghwa Telecom Co's labour union plans to take legal action in Taiwan and the US to halt the proposed overseas sale of as much as US$3.4 billion of shares in the island's biggest phone company. "We will file a petition to
      Bloomberg  -  397 words
  • Page 11 Advertisements
    • 432 11 NANYANG PRESS (SINGAPORE) LIMITED (Incorporated in Singapore) (Co. Reg. No. *****0093N) LOST SHARE CERTIFICATE The undermentioned certificate has been reported lost, destroyed or mislatd:Name Certificate No. No. of shares ESTATE OF NG WAH.DECEASED *****0 1,550 NOTICE IS HEREBY GIVEN that new share certificate will be issued and the £bove original
      432 words
    • 390 11 IN THF HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons Number 385 of 2005/1 IN THE MATTER OF SECTION 210 OF THE COMPANIES ACT, CHAPTER 50 (2004 REVISED EDITION) AND IN THE MATTER OF ZEN MARKETING PTE LTD CO. REG. NO. *****1096G ("the Company") 1. Pursuant to the Scheme
      390 words
    • 609 11 THE COMPANIES ACT, CAP. 50 MELVO MARITIME PTE LTD Co. Regn. No. *****3756-W (In Voluntary Liquidation) Af an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at its registered office at 60 Namly Drive, Singapore *****8 on the Ist day of August. 2003 at
      609 words
    • 494 11 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PAN PACK! PUBLICATIONS (8) PTE LTD (Co. Reg. No. *****1806 M) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (PURSUANT TO SECTION 290) At an Extraordinary General Meeting of the members of PAN PACIFIC PUBLICATIONS (S) PTE
      494 words
    • 1750 11 I il ROLY INTERNATIONAL HOLDINGS LTD. (Incorporated in Bermuda with limited liability) NOTICE IS HEREBY GIVEN THAT the 2005 annual general meeting of the Company ("AGM") will be held at Ballroom 111, Hotel Intercontinental Singapore, 80 Middle Road, Singapore *****6 on Friday, 26 August 2005 at 2.30 p.m. to transact
      1,750 words

  • INDIA
    • 662 12  -  INDIA INSIGHT Gold holdings in India is almost a third of its GDP and 10% of worldwide stock ASHOK KUMAR In Mumbai For all those expatriate Indians who thought that given the seemingly unending equity market boom in India, stocks are where the action is
      662 words
    • 407 12 MUMBAI FLOODS Bloomberg [MUMBAI] India's commercial hub Mumbai got a respite yesterday from record rains that last week killed at least 429 people, inundated the city and cut it off from the rest of the country. The toll from the flood in
      Bloomberg  -  407 words
    • 4977 12 UNIT TRUSTS FUNDS ■TrfTrX7!TTTTnHHHHilHHH CW Global Healthcare Fund: 0.98/ KlUllblulfllHHH CM Gib Fin Sivcs fund Citi US Aggressive Growth Fund 0.8* r pof n S B Sel Gib BusIdrs Ptfl 03(SGD) 1.1184/ \V!E S B Set G»b Bus Ldrs Ptfl 03<USD) 1.1677/ IZ fSH £r \M Cmbond S'pore ClassY 0.9V
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  • ASIA-PACIFIC/WORLD
    • 611 13 FAMILY BUSINESS Divorce and remarriage show their sting in the saga of the Murdoch, Heffner and Pritzker clans NYT Succession in fami-ly-run businesses is often a touchy issue, and it becomes even more contentious when the picture is complicated by divorce, remarriage and new children.
      NYT  -  611 words
    • 395 13 NYT [NEW YORK] Wendi Deng, the wife of the media mogul Rupert Murdoch, and Anna Murdoch Mann, his former wife, have a seemingly cordial relationship. They see each other at family gatherings,-like the weddings of Mrs Mann and Mr Murdoch's three adult children,
      NYT  -  395 words
    • 73 13 Source: Compiled by BT NEWS CORP *iB' o»sw Market value US$55 billion TV 5jO!2 The parent of numerous media Newspapers £42 enterprises, including Fox News Cable programming 141 Channel, FX Networks, Satellite TV 1 Mf HarperCollins Publishers, Twentieth Book publishing 1.27 Century Fox Film Corp., DirecTV and
      Source: Compiled by BT  -  73 words
    • 289 13 NYT, Reuters, AFP [NEW YORK] Oil prices slipped yesterday from their record highs of US$62 a barrel set on Monday following King Fahd's death but oil traders remain nervous about the possibility of instability in Saudi Arabia despite the smooth transition to the
      NYT,; Reuters,; AFP  -  289 words
    • 458 13 AFP [SYDNEY] Media mogul Rupert Murdoch and his eldest son Lachlan, who last week resigned from the family's News Corporation, have denied reports that the departure was related to a dispute over inheritances, reports said yesterday. The Australian Financial Review reported that Lachlan's resignation was
      AFP  -  458 words
    • 384 13  -  By JEAN CHUA EARNING the trust of investors is the top priority of the new chairman of the US Securities Exchange Commission (SEC). And this is more important now than ever, with stock indices at their highest in four years.
      384 words
  • Page 13 Advertisements
    • 1536 13 Call toll-£r** 1800 289 8822 Addvalue Technologies Ltd addvalue 91 (Incorporated in the Republic of Singapore) technologies Registration No. *****3037H NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of the Company will be held at 750 D Chai Chee Road #03-03 Technopark Chai Chee, Singapore *****4 on Friday,
      1,536 words

  • AVIATION
    • 431 14  -  Owner says it'll fit in gap between hotels and B&B accommodation By VEN SREENIVASAN [SINGAPORE] Stelios Hajiloannou, the founder of Europe's second largest lowcost airline, has just opened his latest low-cost venture, easy Hotel. The first no-frills hotel opened on Monday in central London's
      AFP  -  431 words
    • 432 14 Reuters [DUBLIN] European lowcost airline Ryanair reported record first-quarter results yesterday, saying it had benefited from fuel surcharges imposed by rival carriers, but was cautious about the rest of the year and kept its full-year forecast unchanged. Net profit rose 21 per
      Reuters  -  432 words
    • 229 14 AP [SYDNEY] A Malaysia Airlines flight plunged 200 metres shortly after take off in western Australia, terrifying passengers on board and leading one flight attendant to pray-as it made an emergency landing, a passenger and an airport spokeswoman said yesterday. On its way to Kuala
      AP  -  229 words
    • 360 14 LATWP [WASHINGTON] Northwest and Delta Air Lines are likely to file for Chapter 11 bankruptcy protection in mid-September, a month before a new, more restrictive bankruptcy law goes into effect, bankruptcy experts and airline insiders say. The airlines are expected to
      LATWP  -  360 words
    • 201 14 Bernama [KUALA LUMPUR] The Association of Asia Pacific Airlines (AAPA) says the total number of international passengers carried by its 17-mem-ber airlines in June 2005 reached 10.6 million, an increase of 5.2 per cent year on year. Traffic in revenue passenger
      Bernama  -  201 words
    • 202 14 AP [LITTLE ROCK. Arkansas] Jetßlue Airways Corp violated customers' privacy by turning over passenger lists to the government but the affected people are not entitled to damages, a federal judge ruled in dismissing a class-action lawsuit. US District Court Judge Carol Bagley Amon
      AP  -  202 words
    • 1797 14 CUT MUT ITA WJCIT TO *****4 1530 W, II SS 3Si 38 "j"! jjg m jm m 0620 fl g»0 1250 Dvwio AF8||7 ||S0" A***** 2215 U5 5032S 2345 0—o MIS88 1835 M1588 0840 So! Sf? «8 mi ,Kk, nd °£15 ,59S1 95U AI*SO 0740 ami
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  • Page 14 Miscellaneous
    • 243 14 CRYPTIC CROSSWORD 1 Ideal guides with character sel- dom displayed (4,6) 8 I don't believe you never give Hi ter, maybe (10) Two girls sure (7) 15 Mess made when making jam 17 Crop cold and unre--24 Tool used by everyone in London's police offensive (10) ll 29 a 7)
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  • SHIPPING
    • 461 15  -  Indian software firm provides e-learning jointly with DNV By GEORGE JOSEPH [SINGAPORE] An Indian software company, which is setting up its global headquarters for its marine initiatives here, has become the first to launch a programme to provide online education
      461 words
    • 115 15 Bloomberg [LONDON] Pirates in a speedboat fired at a freighter off Somalia last week before the crew of the vessel warded them off, the International Maritime Bureau (1MB) said yesterday. The crew members fired rocket flares and directed high-pressure fire hoses at the five
      Bloomberg  -  115 words
    • 506 15 Littoral states take action to quell regional jitters AP [KUALA LUMPUR] Malaysia, Indonesia and Singapore agreed yesterday to start coordinated air patrols over the pirate-in-fested Malacca Strait by September to quell foreign jitters about security in the key shipping lane. The chiefs
      AP  -  506 words
    • 279 15 Bloomberg [SINGAPORE] Shipyards worldwide will receive fewer orders this year as falling earnings from operating vessels discourages owners from buying new ships, Os-lo-based broker RS Platou said in a note to clients. "We expect ordering activity to decline somewhat this year," Platou
      Bloomberg; FILE PHOTO  -  279 words
    • 958 15  -  STRAIT TALK By DAVID HUGHES AT first sight, it may seem that London, or more broadly the UK, and Singapore are in very different situations as maritime centres, and maritime economies. London, which has been the top shipping and shipping services centre for generations,
      958 words
    • 305 15 Bloomberg [TAIPEI] Taiwan's government will allow a ship to carry passengers to China from the Penghu archipelago, another step towards resuming direct transportation links 56 years after a Chinese civil war ended. The Cabinet will allow the trip from Penghu, a cluster
      Bloomberg  -  305 words
    • 296 15 SGX 'MO Awg 2 SS W- Vtl CH Offshore .0.42 0 02 7660 ChuanHup 0.95 0.09 ***** Cosco Corporation 2*4 OOS 7311 CWT Distribution 0.68 0.01 223 EzraHldgs 1.41 0.06 3420 Freight Links 0.08 -0.01 512 Grand Banks Yacht... .0.94 unch 41 Java Holdings 1.16 unch 1005 K1
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  • Page 15 Advertisements
    • 81 15 |fji International Ship Registries (ISR) provides fast &K efflcient Mrvice for registration ft licensing of International Ship Classification (IS Class) is an liii n*T.'* iJr) independent organization providing classification services for newbuildings existing vessels as jy well as statutory surveys certification on behalf Recognised by more than 20 countries worldwide,
      81 words

  • EDITORIAL & OPINION
    • 473 16 EDITORIAL IS there a need to rethink the rules for quarterly reporting? The answer depends on who you ask. Proponents of transparency and better governance say it forces companies to communicate regularly with shareholders and is therefore indispensable. But many CEOs and financial controllers of smaller companies
      473 words
    • 940 16  -  Growing production capacity will take the air out of the fear of imminent shortage By DANIEL YERGIN LAT-WP WE'RE not running certainly in the air .Right now, the oil market is tight, even tighter than it was on the
      LAT-WP; AFP; REUTERS  -  940 words
    • 756 16  -  THE BOTTOM LINE FRANK CHING CHINESE children play with a toy called a bu dao weng or "old man who cannot be toppled" a painted eggshaped object weighted on one end that, no matter how you push it, always ends up righting itself after
      756 words
    • 1060 17  -  Asian firms aren't serious about the phenomena as many bosses regard them as fashion industry and not serious business By JON MILLER IN a survey of the world's top 100 brands, only four Asian brands made it to the top 30: Sony, Honda, Toyota and
      AP  -  1,060 words
    • 753 17  -  LEON HADAR Washington Correspondent ON Wednesday, July 27, President George W Bush and VicePresident Dick Cheney went to Capitol Hill to urge Republican House Members to vote for the Central American Free Trade Agreement (Cafta) which eliminates most trade barriers between the United States *nd
      753 words
    • 549 17  -  LETTERS TO THE EDITOR Shandre M Thangavelu Associate professor Department of Economics National University of Singapore I REFER to your article, "S'pore has to tread carefully on foreign labour policy: Prof' (BT, July 27), which raises the question of how the entry of foreign unskilled
      BLOOMBERG  -  549 words
    • 333 17  -  Patrick Lau Executive Vice-President, Finance SMRT Corp I REFER to the article headlined "Security boost will come cheap: SMRT" (BT, July 30) by Rachel Lin. The headline did not correctly convey the true cost impact of tighter security measures on the government and the transport
      333 words


  • 10714 18 SGX MAINBOARD 52-Wk T«l Last Vol Day LkI Quote GfDtv Dlv GrYM Not MCap High low Codo Company Sate fOOO) High low Iwyr SdUr Cvr S Wt W 10 3 5716 1st Software 5c 3 -0.5 399 3.5 3 3 3.5 121 33.5 11 3148 8Telecom US2c 12
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  • 6421 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local cun In SS In US$ S dy yr dy yr dy Syr Aug 1 >BdM Ch«ng« Chtngt Chang* Change Change Chang* World Inoe* Preiiminary 905.0 0.1 6.3 03 3.7 03 V9 1 WE Pretminary 852.5 0.1 103 03 24 05 07
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  • MOTORING
    • 611 25  -  Surge in demand for F430 from key markets like M'sia By SAMUEL EE THE waiting list for a new Ferrari has more than doubled since the introduction of the F430 model, and the biggest demand in South-east Asia for this "entry-level" sports car comes
      611 words
    • 218 25 THE importance of the Malaysian market to Ferrari was demonstrated by the F430 Spider's South-east Asian launch in Kuala Lumpur last Friday. "In Malaysia, more than in the past, people are interested in super-premium cars and willing to pay for it," explains Ferrari's commercial and marketing
      218 words
    • 325 25  -  By SAMUEL EE THE übiquitous AXS Station has unveiled a unique search function which checks if you have an outstanding parking fine or traffic summons issued by any of the four major government bodies the HDB, URA, LTA or TP. Previously,
      325 words
  • Page 25 Advertisements
    • 301 25 GLASHUTTE ORIGINAL Salutes Jr SINGAPORE'S INDEPENDENCE As Singapore celebrates 40 years of independence, it k only befitting that a limited edition Glashutte Original the -"1965 Singapore"be made to commemorate this special ocassfon. "Celebrates Singapore's 40 Years of Independence" p I Glashutte Original, in collaboration with Cortina Watch and supported by
      301 words

  • EXECUTIVE MONEY
    • 303 26  -  By Chua Boon Lee FUNDS dedicated to real estate investment trusts end similar property-related enterprises globally have turned in sterling performances since their debut here in the first quarter of 2005. As a group, they reported a mean return of 9.73 per cent in the three
      303 words
    • 920 26  -  YOU THE TAXMAN LATHA MATHEW and LIM GEK KHIM examine the capital gains tax exemption in the recently-inked protocol to the Singapore-India tax treaty LATHA MATHEW,LIM GEK KHIM By ERNST YOUNG SINGAPORE is set to be a launch pad for investments into India. Capital
      By ERNST & YOUNG  -  920 words
    • 635 26  -  By UMA SHANKARI SINGAPOREAN investors feel strongly about missed opportunities resulting from external advice, according to a recent Citibank survey. It found that investors here who lose money after following their financial advisers' advice tpnd to blame the latter for giving them the
      635 words
    • 583 26  -  TAY HAN CHONG, head of investments, treasury and asset products at Citibank Singapore, answers your questions TAY HAN CHONG, What is the difference between US and Singapore investors when it comes to regret? Two interesting differences stood out between Asian and US investors. Firstly, US investors
      583 words
    • 770 27  -  MONEY MATTERS Around the world, the Gini coefficient is rising, and governments should move to halt the wave or risk instability JOSEPH CHONG THE government has recently raised concerns about growing income inequality in Singapore. Lower level civil servants were recently given a salary boost
      BLOOMBERG FILE PHOTO  -  770 words
    • 777 28  -  Invest in stocks this year and you will be amply rewarded, Margaret Patel, the guru of high-yield bonds, tells GENEVIEVE CUA GENEVIEVE CUA PIONEER Investments' Margaret Patel is known as the guru of high-yield bonds, but you may well mistake her for an equities manager. This is
      CHRIS LOH  -  777 words
    • 836 28  -  COMMENTARY When a top manager and his team goes, be prepared for a period of underperformance GENEVIEVE CUA Personal Finance Editor WHAT do you do when a star fund manager leaves? This question has dogged investors now and again, as veteran managers often do the
      836 words
    • 205 28 SO DBS Asset Management lost two-thirds of its fixed income team over the last four weeks. Here's what some in the business say: Um Meng Tat director of Russell Investment Group 'If a whole team leaves, it impacts our evaluation, but it is'not the only criterion. The
      205 words
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    • 85 26 Strategies for successful investing SENIOR investment managers from leading asset firms will share insights at a Citibank seminar later this month on how to profit from changes taking place in the world. To be held at Raffles City Convention Centre on Aug 18, "Strategies for Successful Investing" will feature such
      85 words

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    • 146 27 Today, significant changes around the world present untapped opportunities for investors. To offer you insights on these BSBBMBBHBSMBHIHBIHIHHHWgMREHi changes, Citibank has invited senior investment managers from leading asset management firms to hold a seminar. D#U; 18 Auqu#t 2005. Thursday They will be presenting strategies on the discovery of opportunities as
      146 words

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    • 18 28 Write to us at ap.pccareer@sg.abnamro.com ABN'AMRO Pf I V 316 B3tl kl lIQ or visit us at www.abnamroprivatebanking.com/asia
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    • 97 28 MONEY MATTERS Facing up to income equality. PG 27 Residential Redevelopment Site in District 15 Gracious Mansion Jalan Rendang Freehold g Site area: 3,180.8 sq m (34,238 sq ft) K Residential 0 East -nirr Plot Ratio 1.4 9 CHll T Wthin 100 m to Tao Nan School Century (Katong) A
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    • 32 28 J P OFIND p' THE ONES THAT FIT! u Recruit thermit people through The Strafe Times Rear*. J C*H 1800 289 8822 or emwl i to advertise. ip sii H? z, ,-i
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